Why did my payment go DOWN this month -- II received no

Customer Question

Hi, my name is ***** ***** I can help. Unfortunately, Social Security benefit changes, called cost-of-living adjustments (COLA), did not happens this year because inflation was too low. However, Medicare costs continued to increase and therefore Medicare premiums were increased. All Social Security and Medicare beneficiaries are seeing their net benefit payments reduced because of these economic trends.

I hope this answers your question. Please let me know if I can clarify anything or answer any additional questions.